When the Genius Act was passed, lawmakers asked the industry what specific rules and guidelines it should use to enforce the new policies.
My friends @notabene_id just wrote the Treasury to suggest best practices for Genius compliant stablecoin payments.
If/when these suggestions are enacted, it would mean that traditional financial institutions and payment companies will launch full-scale blitzkriegs into the world of stablecoins.
Not just PR releases, but real-world implementation with trillions of dollars in value.
So, if you are a stablecoin enabled company that is not thinking and planning for travel rule compliance, it's time to start.
Exiting times.
My friends @notabene_id just wrote the Treasury to suggest best practices for Genius compliant stablecoin payments.
If/when these suggestions are enacted, it would mean that traditional financial institutions and payment companies will launch full-scale blitzkriegs into the world of stablecoins.
Not just PR releases, but real-world implementation with trillions of dollars in value.
So, if you are a stablecoin enabled company that is not thinking and planning for travel rule compliance, it's time to start.
Exiting times.
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